New York State Common Retirement Fund Has $25.10 Million Stock Holdings in Global Payments Inc. (NYSE:GPN)

New York State Common Retirement Fund lessened its holdings in Global Payments Inc. (NYSE:GPN) by 12.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 197,629 shares of the business services provider’s stock after selling 27,068 shares during the quarter. New York State Common Retirement Fund’s holdings in Global Payments were worth $25,099,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of GPN. BluePath Capital Management LLC acquired a new stake in shares of Global Payments in the 3rd quarter valued at $27,000. Turtle Creek Wealth Advisors LLC acquired a new stake in shares of Global Payments in the 4th quarter valued at $30,000. McGlone Suttner Wealth Management Inc. acquired a new stake in shares of Global Payments in the 4th quarter valued at $41,000. Moisand Fitzgerald Tamayo LLC acquired a new stake in shares of Global Payments in the 3rd quarter valued at $47,000. Finally, Parkside Financial Bank & Trust boosted its holdings in shares of Global Payments by 77.7% during the 3rd quarter. Parkside Financial Bank & Trust now owns 407 shares of the business services provider’s stock valued at $47,000 after acquiring an additional 178 shares in the last quarter. Institutional investors and hedge funds own 89.76% of the company’s stock.

Global Payments Stock Performance

Shares of Global Payments stock opened at $124.57 on Friday. Global Payments Inc. has a one year low of $95.12 and a one year high of $141.77. The firm has a market capitalization of $31.78 billion, a price-to-earnings ratio of 32.96, a PEG ratio of 0.80 and a beta of 0.96. The business has a 50-day simple moving average of $129.19 and a 200 day simple moving average of $124.65. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.99 and a quick ratio of 0.99.

Global Payments (NYSE:GPN) last issued its earnings results on Wednesday, February 14th. The business services provider reported $2.65 EPS for the quarter, beating analysts’ consensus estimates of $2.64 by $0.01. The business had revenue of $2.43 billion during the quarter, compared to analyst estimates of $2.18 billion. Global Payments had a return on equity of 11.44% and a net margin of 10.22%. The firm’s revenue was up 7.9% compared to the same quarter last year. During the same period in the previous year, the company posted $2.30 EPS. On average, research analysts anticipate that Global Payments Inc. will post 10.94 earnings per share for the current fiscal year.

Global Payments Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 15th were paid a $0.25 dividend. The ex-dividend date was Thursday, March 14th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.80%. Global Payments’s payout ratio is presently 26.46%.

Wall Street Analysts Forecast Growth

GPN has been the topic of several recent research reports. UBS Group raised their price objective on Global Payments from $130.00 to $145.00 and gave the company a “neutral” rating in a report on Thursday, February 15th. Mizuho reissued a “neutral” rating and set a $129.00 price objective on shares of Global Payments in a report on Wednesday, March 27th. Royal Bank of Canada raised their price objective on Global Payments from $154.00 to $172.00 and gave the company an “outperform” rating in a report on Thursday, February 15th. TheStreet raised Global Payments from a “c” rating to a “b-” rating in a report on Thursday, February 1st. Finally, Robert W. Baird raised their price objective on Global Payments from $172.00 to $182.00 and gave the company an “outperform” rating in a report on Monday, April 8th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and twenty-one have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $151.92.

About Global Payments

Global Payments Inc provides payment technology and software solutions for card, check, and digital-based payments in the Americas, Europe, and the Asia-Pacific. It operates through two segments, Merchant Solutions and Issuer Solutions. The Merchant Solutions segment offers authorization, settlement and funding, customer support, chargeback resolution, terminal rental, sales and deployment, payment security, and consolidated billing and reporting services.